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• NYSE, NASD Name Geoffrey Bible to Head IPO Panel (Update1) 

New York, Oct. 3 (Bloomberg) -- The New York Stock Exchange and the National Association of Securities Dealers named former Philip Morris Cos. Chief Executive Officer Geoffrey Bible to head a panel of executives investigating how Wall Street allots initial public offerings to investors.

Bible, 65, who retired from Philip Morris in August, will lead an 11-member panel that will propose rules to the Big Board and the NASD aimed at bringing integrity to the sale of IPOs that are in demand. The House Financial Services Committee on Tuesday said Goldman Sachs Group, Credit Suisse First Boston and Citigroup Inc. handed IPO shares to executives of companies that gave them banking assignments.

``We've assembled a committee of leaders representing all of the interests in the IPO process, from investors to investment bankers, from issuers to venture capitalists,'' NASD Chairman and CEO Robert Glauber said in a statement.

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